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the world for caution while investing in digital currencies (with some. Gox dumped more than 8,200 Bitcoins on existing exchanges, and further in June when two South Korean cryptocurrency exchanges were hacked. The virtual currency reached the benchmark for the first time, just days after it passed 9,000. It is not entirely clear what has driven the sudden rise in value, especially because the past few weeks have been marked by action by some financial regulators to limit its use. Beaten-up tech stocks to feel more pain, investor Paul Meeks predicts. As this points to increased adoption of cryptocurrencies in the near term, the good news propelled Bitcoin prices higher. In addition to having a negative impact on Bitcoin pricing, these events also dragged down Bitcoin trading activity, as evidenced by a notable reduction in the number of users on the Bitcoin network. Japanese yen trading in bitcoin dominates at about 61 percent, while trading in South Korean won accounts for about 11 percent, according to CryptoCompare. The value of one bitcoin has gone past 10,000 (7,493). Image caption Con artists are sending Bitcoin-based scams to phone users, pretending to be from the news site CoinDesk. Hong kong, hong kong - august 21: A visual representation of the digital Cryptocurrency, Bitcoin is seen on August 21 2018 in Hong Kong, Hong Kong.

The digital cur rency hit 10,000 Tuesday, according to CoinDesk, marking an exponential.Last November, the price of bitcoin crossed the 10,000 level for the first time.The rest of 2017 was an explosive ride, shooting up near.The value of one bitcoin has gone past 10,000 (7,493).

Bitcoin Looks Unlikely To Cross 10,000 Again This Year - ForbesBitcoin surpasses 10,000 for the first time

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Many others are also trying to profit from the growing interest in crypto-currencies. As such, it is sensible to focus on the demand, both in terms of users and transaction volumes. Bitcoin futures have launched, regulators have stepped in more aggressively and the price of the largest cryptocurrency has tumbled nearly 50 percent from its all-time high. Santoli brings his extensive markets expertise to cnbc's Business Day programming, with a regular appearance on cnbc's. Yoshikazu Tsuno AFP Getty Images, a member of bitcoin trading club poses with bitcoin medals at the club's meeting in Tokyo. Explore example interactive dashboards and create your own. Relaxation from South Korean officials in their efforts milloin maksetaan kryptovaluutan verotus to halt bitcoin speculation has started to again build confidence in the market, along with a rise in other major cryptocurrencies, such as litecoin and ethereum. After a brief stutter, bitcoin continued its march higher, hitting 10,358.31 by 10:39.m. What Does This Mean For Bitcoins Price? Rich Ross, managing Director, Head of Technical Analysis, Evercore ISI. Does this mean that.S. Bitcoin first reached 1,000 in late-2013 and then dipped significantly before starting a volatile climb to its current value.